BISON vs ByBit EU Comparison

Editorial assessment, November 2026: We have downgraded BISON to 1.9 out of 5 and do not recommend it. The deciding factor is cost. According to BISON's fee page (accessed 8 November 2026), the proportional spread on Bitcoin and Ethereum averages 1.25 percent per purchase or sale, and 1.75 percent on all other cryptocurrencies. Buying Bitcoin and selling it later therefore costs around 2.5 percent, and around 3.5 percent for other coins. Deposits by credit card, Apple Pay or Google Pay cost an extra 2.49 percent, and BISON keeps 27 percent of staking rewards on Ethereum and Solana. MiCA-licensed exchanges in our exchange comparison charge from 0.2 percent for the same purchase. The authorisation of EUWAX AG and Boerse Stuttgart Digital Custody GmbH in the ESMA register does not change this calculation.

BISON is the crypto app of Börse Stuttgart and is perceived in the DACH region as a provider with a traditional capital markets background. The provider is EUWAX AG, a Börse Stuttgart company supervised by BaFin that has notified BaFin of its crypto services under MiCA. Crypto custody is handled by Boerse Stuttgart Digital Custody GmbH, which has held a MiCA authorisation from BaFin since January 2025. Euro balances are held at Solaris SE and Deutsche Bank and are covered by statutory deposit protection up to EUR 100,000 per investor and bank. According to BISON, 69 cryptocurrencies are tradable, plus stocks and ETFs, and the app has more than 1.06 million users.

As one of the few offerings among German brokers, BISON allows free wallet transfers to your own wallets. Staking, savings plans, and an integrated tax report are also available. According to BISON, staking of Ethereum and Solana is currently not regulated under MiCA. Deposits are possible via SEPA, instant bank transfer, and credit card.

Costs sit in the spread, which according to BISON averages 1.25 % on Bitcoin and Ethereum and 1.75 % on all other cryptocurrencies, the upper range among the brokers compared. The exclusively SMS-based 2FA and the processing time for wallet transfers of up to 24 hours are also seen as room for improvement. Overall, BISON is aimed at investors who prefer an established German provider and are willing to accept trade-offs in fees and coin selection.

In short: Bybit EU combines the technology of one of the largest crypto exchanges with an EU licence: spot trading in more than 100 coins, fixed rates from 0.25% that fall to 0.15% with high euro volume, and a crypto card. For retail clients in the EEA, Bybit EU focuses on spot trading. If you want to buy and hold crypto at a large exchange with a European licence, Bybit EU fits.

Is Bybit safe and licensed in the EU?

Yes, Bybit EU may serve customers across the EU. Bybit EU GmbH, based in Vienna, has been authorised as a crypto-asset service provider under Article 63 MiCA since 28 May 2025, licensed by Austria's Financial Market Authority (FMA). Through the EU passport the licence covers 29 EEA countries, including Germany, France and Spain (ESMA register, file of 30 October 2026). It covers custody, exchanging crypto for money and for other crypto, placing and transfer services. Bybit EU itself points out that certain offers on bybit.eu fall outside MiCA supervision; each product page states the framework.

The hack of 21 February 2025: Attackers took ether worth about $1.4 to $1.5 billion from a Bybit group multisig cold wallet by slipping a manipulated transaction past the signers. The FBI attributed the attack to the North Korean group TraderTraitor, better known as Lazarus. On the same day Bybit stated that all client assets were backed 1:1 and that the exchange would cover the loss; withdrawals kept running. On bybit.eu, Bybit EU states 1:1 reserves for all user assets.

Counterparty list: Since September 2026 Bybit has published a list of services its customers must not transact with. If screening flags one of them, Bybit can freeze accounts or restrict funds. Our report on the Bybit counterparty list explains what to check in your payment history.

What you can do yourself: turn on two-factor authentication and a withdrawal address whitelist, keep proof of origin for coins bought peer to peer, and store larger amounts on your own hardware wallet.

Who is Bybit EU for?

Bybit EU suits investors in the EU who want spot trading at a large international exchange with a European licence and who like to pay with crypto. Anyone who regularly trades larger amounts against the euro benefits from the volume tiers. Our comparison of regulated crypto exchanges sets Bybit EU against other licensed exchanges such as OKX, Kraken and Bitvavo.